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The PRESIDIO Austin

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Page 1: Austin · • Austin ranked #1 on the Forbe’s list of “America’s 20 ... underlined print, set forth the broker’s obligations as an intermediary

The PRESIDIOAustin

Page 2: Austin · • Austin ranked #1 on the Forbe’s list of “America’s 20 ... underlined print, set forth the broker’s obligations as an intermediary

YESTERDAYOriginally comprised of 440+ acres, the northern 300 acres of the property has been developed over the past 10

years for single-family and multi-family uses. In recent years, the remaining 129 acres fronting S.H. 45 (a major

east/west tollway connecting northwest Austin with Round Rock) has been earmarked for high-density multi-

family, townhome, retail, hotel, office and medical uses.

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2013

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TODAYIn the past 4 years, much has happened in and around The Presidio. A new Sam’s Club facility opened fronting

Lakeline Mall Boulevard and 4 new apartment projects with a total of 1,300 units were completed on adjacent

properties.

At the Presidio, Lakeline Mall Boulevard has been extended to the east side of the Property; Lyndhurst Drive has

been constructed (with a roundabout at Lakeline Mall Boulevard); utilities have been extended along Lyndhurst;

Streetlights Residential is leasing up its Phase I apartment community consisting of 415 units; David Weekley

Homes is developing a 210 unit high-end townhome project; and Tharaldson Hotels has been approved to

develop a Marriott Town Place Suites Hotel and a Hilton Garden Inn fronting S.H. 45.

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2018

Page 6: Austin · • Austin ranked #1 on the Forbe’s list of “America’s 20 ... underlined print, set forth the broker’s obligations as an intermediary

LOCATIONThe Presidio Austin is located at the NEC of S.H. 45 & N. Lake Creek Parkway, in Northwest Austin.

Area amenities and developments include:• Lakeline Mall• Cap Metro Rail/Bus Station• Northwoods Residential Community

• 2 million+ square feet of Retail Shopping• State Farm Regional Headquarters• Lifetime Fitness

PROPERTY SIZE70+/- acres

EXISTING ZONINGLeander Rehabilitation Development P.U.D. (Mixed-use zoning which includes office, retail, multi-family and residential)

Zoning provides for: • 65% - 70% Impervious Coverage• High-rise, high-density development permitted• Part of a regional detention plan

• Grand-fathered status from Austin’s current tree ordinance• Favorable front and rear yard setbacks• 180’ building height permitted

MASTER PLAN DEVELOPMENTMaster Plan features include:

• Constant lflowing waterway through property• Entryway feature on S.H. 45 • Class “A” urban-styled multi-family units by Streetlights Residential• Restaurants, Retail and Hotel fronting S.H. 45• Corporate Office and Medical Campus sites available

PROJECT SUMMARY

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MASTER PLAN

THE ALYSSA at Presidio

SITES AVAILABLE

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C U R R E N T D E V E L O P M E N T THE ALYSSA

at Presidio

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October 2016

THE MICHAEL at PRESIDIO

Features include:• 415 Unit Class “A” urban-style development community• Constant level waterway through property• The Grove - beautiful preserve on site• High-end interior finishes• Garages and covered parking available• Infinity Pool & Austin-Stone Amenity Center

Page 10: Austin · • Austin ranked #1 on the Forbe’s list of “America’s 20 ... underlined print, set forth the broker’s obligations as an intermediary

THE MICHAEL at PRESIDIO

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The Alyssa at Presidio

Page 12: Austin · • Austin ranked #1 on the Forbe’s list of “America’s 20 ... underlined print, set forth the broker’s obligations as an intermediary

In February, 2016, David Weekley Homes closed on a 16-acre tract

and is now building over 200 high-end townhomes which are offered

for purchase in the $350,000 to $400,000 range. David Weekley

Homes is bringing “for sale” high-end housing to The Presidio that

is complementary to Streetlights Residential’s high-end apartment

community. Weekley’s Presidio Station development is located just

east of the Phase I Streetlight’s project at the southwest corner of

Lakeline Mall Boulevard and Rutledge and just South of the Cap

Metro Station. Weekley Homes commenced its vertical construction

in the 4th quarter of 2016.

HIGH-ENDTOWNHOMES

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HOTEL DEVELOPMENT

December 2017

December 2018

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TOMORROW

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» on U-Haul’s annual “National Migration Trend Report” in 2017 » in the US for Commercial Investment “Top Markets to Watch” in

2016 (Urban Land Institute & Pricewaterhouse Cooper) » on Forbes’ list of “America’s 20 Fastest Growing Cities” 2015

» in the US for Commercial Development “Top Markets to Watch” in 2016 (Urban Land Institute & Pricewaterhouse Cooper)

» in the US for Commercial Investment & Development “Top Markets to Watch” in 2017 (Urban Land Institute & Pricewaterhouse Cooper) » in “Best Places to Live” in 2017 (U.S. News & World Reports) » on the Forbes list of “Fastest Growing Cities” in 2016

#1#2

#4#3 » on U-Haul’s annual “National Migration Trend Report” in 2015

» on Forbes’ list of “America’s 20 Fastest Growing Cities” 2017

AUSTINSTATS

“The Austin metro population reached 2,115,827 in 2017, according to Census estimates. That’s up from 2,060,558 in 2016, which is growth of 2.7 percent, ranked No. 9 in the nation.”

(Austin Business Journal - March 2018)

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A U S T I N , T E X A S

RANKED #1

2017 BEST PLACE

TO LIVE U.S. News & World Reports

OVER 90,000 COLLEGE STUDENTS MAKING AUSTIN THE YOUNGEST “BIG” CITY IN THE US PER CAPITA

WHAT’S NEARBY:

STATE FARM DELL LA FRONTERA ORACLE GOOGLE APPLE THE UNIVERSITY OF TEXAS DOWNTOWN AUSTIN CEDAR PARK LEANDER ROUND ROCK

AUSTIN IS OFTEN REFERRED TO AS “SILICON HILLS” BECAUSE OF THE PLETHORA OF TECHNOLOGY COMPANIES THAT HAVE MADE THEIR HOME IN AUSTIN AND SURROUNDING CITIES.

LIVE MUSICCAPITAL OF THE

WORLD

BIGGESTSTATE CAPITOL BUILDING

IN THE U.S.

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THE PRESIDIO DEMOGRAPHICS3 Miles 5 Miles 10 Miles

Population: 82,492 176,461 562,284

Daytime Population: 30,015 64,608 268,452

Median HH Income: $76,515 $81,586 $74,107

TRAFFIC COUNTSS.H 45 & Lake Creek Pkwy.: 38,000 vpd

S.H. 183 @ S.H. 45: 107,042 vpd

• University of Texas at Austin, (+/- 52,000 students)

• State Capital of Texas, (employing +/- 70,000 people)

• Dell is the largest corporate employer (+/- 13,000 workers)

• Home to Seton Hospitals, St. David’s Healthcare, IBM, Freescale Semiconductor, Advanced Micro Devices, State Farm Insurance, Austin Energy and Whole Foods Market.

• World class live music scene including South by Southwest Music, Film and Interactive Conference ($317.2 million into the local economy in 2015)

• Austin ranked #1 on the Forbe’s list of “America’s 20 Fastest Growing Cities” for five years in a row (2010 - 2014) and #2 in 2015

• Austin ranked #2 on the “Cities Where People Are Moving To” list by the Fiscal Times Austin (2012)

THE PRESIDIO

AUSTIN HIGHLIGHTS

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NORTHWEST AUSTIN

• 21 million square feet of total office space • 90% leased• Largest concentration of office space in the

Austin MSA• Northwest Austin office market is even larger

than the Austin Central Buisness District (CBD) which has 14 million square feet of total office space

• Employers• Freescale Semi Conductor (5,000 employees)• Apple (4,000 employees)• Google (multiple offices)

NORTHEAST AUSTIN

• 8 million square feet of total office space• 85% leased• Employers

• Samsung Austin Semiconductor (2,517 employees)

• General Motors (1,600 employees)

ROUND ROCK

• 5 million square feet of total office space• 80% leased• Employers

• Dell is the largest corporate employer (13,000 workers)

• Emerson Process Management (875 employees)

S U B U R B A N O F F I C E N O D E S

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AUSTIN

ROUND ROCK CEDAR

PARK

PFLUGERVILLE

4

31

2

756

8

183

183

79

290

130

130

130

183A

45

45

1

1

360

35

35

PARMER LANE

COMPANY MILES DRIVE TIMES*

Ebay 3.8 4 minute drive

Apple 5.8 6 minute drive

HP 8.5 6 minute drive

Dell 9.2 10 minute drive

Google 9.75 & 10 minute

drive

Oracle 9.7 10 minute drive

IBM 11.2 10 minute drive

UT 16.3 20 minute drive

1

2

3

4

5

6

7

8

AREAEMPLOYERS

The PRESIDIOAustin

*Drive times from The Presidio Austin

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LAKELINE MALL AERA• Lakeline Mall has +/- 1.1 millions square

feet with over 160 stores and restaruants

• Surrounding area has an additional 1+ Million square feet of retail and restaurants

ROUND ROCK OUTLET MALL• 500,000 + square foot Outlet Mall with 125

retail stores

LA FRONTERA RETAIL• 1 million square foot regional retail

shopping center

• Surrounding area has an additional 1+ Million square feet of retail and restaurants

PARMER RETAIL• 1.3+ Million square feet of Big Box retail,

restaurants and other commercial space

THE DOMAIN• 2+ Million square feet of high-end retail

and restaurants

R E T A I L N O D E S

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• Provides MetroRail passenger rail service between the

City of Leander and downtown Austin since 2010

• MetroRail stations located along a 32 mile line

• 795,400 total rides annually

• Lakeline rail station is adjacent to the Presidio

Source: www.capmetro.org ~ 2014 Annual Report

C A P I T A L M E T R O R A I L

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SITES AVAILABLETHE ALYSSA

at Presidio

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Information About Brokerage ServicesBefore working with a real estate broker, you should know that the duties of a broker depend on whom the broker represents. If you are a prospective seller or landlord (owner) or a prospective buyer or tenant (buyer), you should know that the broker who lists the property for sale or lease is the owner’s agent. A broker who acts as a subagent represents the owner in cooperation with the listing broker. A broker who acts as a buyer’s agent represents the buyer. A broker may act as an intermediary between the parties if the parties consent in writing. A broker can assist you in locating a property, preparing a contract or lease, or obtaining financing without representing you. A broker is obligated by law to treat you honestly.

IF THE BROKER REPRESENTS THE OWNER:The broker becomes the owner’s agent by entering into an agreement with the owner, usually through a written - listing agreement, or by agreeing to act as a subagent by accepting an offer of subagency from the listing broker. A subagent may work in a different real estate office. A listing broker or subagent can assist the buyer but does not represent the buyer and must place the interests of the owner first. The buyer should not tell the owner’s agent anything the buyer would not want the owner to know because an owner’s agent must disclose to the owner any material information known to the agent.

IF THE BROKER REPRESENTS THE BUYER:The broker becomes the buyer’s agent by entering into an agreement to represent the buyer, usually through a written buyer representation agreement. A buyer’s agent can assist the owner but does not represent the owner and must place the interests of the buyer first. The owner should not tell a buyer’s agent anything the owner would not want the buyer to know because a buyer’s agent must disclose to the buyer any material information known to the agent.

IF THE BROKER ACTS AS AN INTERMEDIARY:A broker may act as an intermediary between the parties if the broker complies with The Texas Real Estate License Act. The broker must obtain the written consent of each party to the transaction to act as an intermediary. The written consent must state who will pay the broker and, in conspicuous bold or underlined print, set forth the broker’s obligations as an intermediary. The broker is required to treat each party honestly and fairly and to comply with The Texas Real Estate License Act. A broker who acts as an intermediary in a transaction:

(1) shall treat all parties honestly;(2) may not disclose that the owner will accept a price less than the asking price unless authorized in writing to do so by the owner;(3) may not disclose that the buyer will pay a price greater than the price submitted in a written offer unless authorized in writing to do so by the

buyer; and(4) may not disclose any confidential information or any information that a party specifically instructs the broker in writing not to disclose unless authorized in writing to disclose the information or required to do so by The Texas Real Estate License Act or a court order or if the information materially relates to the condition of the property.

With the parties’ consent, a broker acting as an intermediary between the parties may appoint a person who is licensed under The Texas Real Estate License Act and associated with the broker to communicate with and carry out instructions of one party and another person who is licensed under that Act and associated with the broker to communicate with and carry out instructions of the other party.

If you choose to have a broker represent you,you should enter into a written agreement with the broker that clearly establishes the broker’s obligations and your obligations. The agreement should state how and by whom the broker will be paid. You have the right to choose the type of representation, if any, you wish to receive. Your payment of a fee to a broker does not necessarily establish that the broker represents you. If you have any questions regarding the duties and responsibilities of the broker, you should resolve those questions before proceeding.

Real estate licensee asks that you acknowledge receipt of this information about brokerage services for the licensee’s records.

Buyer, Seller, Landlord or Tenant Date

Texas Real Estate Brokers and Salespersons are licensed and regulated by the Texas Real Estate Commission (TREC). If you have a question or complaintregarding a real estate licensee, you should contact TREC at P.O. Box 12188, Austin, Texas 78711-2188 or 512-465-3960. 01A TREC No. OP-K

Approved by the Texas Real Estate Commission for Voluntary UseTexas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords.

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The information provided herein was obtained from sources believed reliable; however, Transwestern makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. The presentation of this property is submitted subject to errors, omissions, change of price or conditions, prior sale or lease, or withdrawal without notice. Copyright © 2018 Transwestern.

FOR INFORMATION

Steve Williamson, [email protected]

5001 Spring Valley Road, Suite 400WDallas, Texas 75244transwestern.com/dallas

A PROJECT BY